Children’s Place Receives a Hold from Oppenheimer

By Carrie Williams

Oppenheimer analyst Anna Andreeva assigned a Hold rating to Children’s Place (NASDAQ: PLCE) today and set a price target of $90. The company’s shares opened today at $95.50, close to its 52-week high of $99.50.

According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 1.4% and a 44.0% success rate. Andreeva covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Urban Outfitters.

Children’s Place has an analyst consensus of Moderate Buy, with a price target consensus of $94.33.

Children’s Place’s market cap is currently $1.62B and has a P/E ratio of 22.07. The company has a book value ratio of 3.3637.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2016, Anurup Pruthi, the SVP, CFO of PLCE sold 601 shares for a total of $50,490.

The Children’s Place, Inc. engages in the provision of apparel, accessories and footwear for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise, the majority of which is under the proprietary The Children’s Place brand name. Its stores offer a friendly and convenient shopping environment. The company operates its business through the following segments: The Children’s Place U.S. and The Children’s Place Canada. The Children’s Place U.S. segment includes the company’s U.S. and Puerto Rico based stores. The Children’s Place Canada segment includes the company’s Canadian based stores. The company was founded in 1969 and is headquartered in Secaucus, NJ.